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VOGUEPAY TERMS AND CONDITIONS

These are the terms and conditions you must agree to prior to using our services.

This User Agreement ("Agreement") is a contract between you and Vogue Web Solution (Owners of VoguePay) that applies to your use of the VoguePay third-party payment processing service and any related products and services ("Service") available through VoguePay.com ("Site").

If you do not agree to be bound by the terms and conditions of this
Agreement, you may not use this Site or any of the Services.

Vogue Web Solution may amend this Agreement at any time by posting a revised version on this website. Except as stated, all amendments will be effective 30 days after they are posted on this Site. Notices of upcoming changes will be posted on our website and on notification pages posted in your VoguePay.com account.

1.0 Eligibility

Both Sellers and Buyers of products and services ("Products") can use the Service. Unless otherwise stated, all provisions in this Agreement apply to both Sellers and Buyers.

You agree that any information you give to us ("User Information") will stay in our records unless otherwise agreed upon.

You agree that we do not need additional consent to store, use and transmit data to third parties in the performance of our customer support duties and due diligence for detection of money laundering and terrorist funding.

1.1 Warranties

You represent and warrant that all of the following are true of you and your affiliates from your entry into this Agreement until the termination of your Account:

If you are an entity other than an individual, you have the legal capacity to enter into this Agreement and perform the obligations represented within it.

If you are an individual, then you are at least 18 years of age and do not require the consent, approbation or approval of any other person or entity to conclude a contractual obligation of the type represented in this Agreement.

Your execution of and performance under this Agreement in no way violates any legal obligation of the Seller, including any agreement between or among Seller(s) and any third party(ies).

If you are a Seller, you sell through your website only Products and/or services that are available for delivery in the normal course of your business.

You offer Products and/or services for sale only if you have the legal right to market and sell such Products and/or services in all applicable
jurisdictions.

You maintain the value and reputation of VoguePay to the best of your ability.

You conduct your business affairs according to the terms and intent of this Agreement and in compliance with all applicable laws and regulations.

You do not use our Services for any activities considered fraudulent or illegal under any laws or regulations in any applicable jurisdiction.

You do not permit or authorize any other person or entity to use our Services without our written consent.

If you are a Seller, you have had ample opportunity to obtain legal advice regarding the legal effects of this Agreement. You can deliver your full legal name, street address, telephone number and email address by postal mail or email to your Buyer(s) and grant VoguePay access to records of this correspondence.

You will refrainfrom using abusive and vulgar language with VoguePay employees, whether through email, support ticket, blog comments or phone support. Abusive conduct will not be tolerated and will result in account termination.

2.0 Liability

2.1 Our Liability
If you have a dispute with one or more Users, you release VoguePay from any and all claims, demands and actual/consequential damages related to your transaction(s) with said User(s). We provide our services "as is" without any warranty or condition.

VoguePay makes reasonable efforts to ensure that requests for electronic debits and credits involving bank accounts, credit cards and check issuances are processed promptly. We make no representations or warranties regarding the amount of time needed to complete transactions because our Service is largely dependent upon many factors outside of our control.

Under no circumstances will we be liable for any lost profits, special,
incidental or consequential damages arising out of or in connection
to the Site, our Service or this Agreement. Some jurisdictions do not
allow the exclusion or limitation of incidental or consequential
damages so the above limitation or exclusion may not apply to you.
Under no circumstances shall our liability to you exceed the amount
of the revenue earned from transactions carried out by you in the three
months prior to the event leading to liability.

You agree to indemnify and hold VoguePay harmless from any claim or demand, including attorneys' fees, made or incurred by any third party due to or arising out of your breach of this Agreement, by the documents it incorporates or by your violation of any law or third-party rights related to your use of the Service.

You agree that if either you or VoguePay begin litigation or arbitration, the prevailing party is entitled to recover reasonable attorneys' fees and any other costs incurred in addition to any other relief to which the prevailing party may be entitled.

You agree to indemnify and hold VoguePay harmless for unauthorized transactions done through VoguePay. It is very important to contact us immediately if you believe your account has been compromised or if someone has transferred money through your account without your permission. Notifying us as soon as possible will limit your liability.

2.2 Your Liability

If you do not report unauthorized transactions in your VoguePay account, you will be liable for any resulting damages. We will do what we can to recover the funds, but if we are unable to recover them, you will assume responsibility for the losses.

Your VoguePay account is protected by a password. As long as you keep the password confidential, no one will be able to access the funds or information in your VoguePay account. If a member shares their password with others or allows others to discover and use their password with the account, the account holder is giving access to the funds and information in the account and assumes all responsibility for
transactions in this account.

You are responsible for performing your due diligence on any Sellers with whom you plan on doing business. If you neglect to perform due diligence on a Seller and do not receive an item you paid for or receive an item that does not appear as the Seller described it, you will be liable for any resulting damages. However, if you file a transaction dispute, we will do our best to mediate a resolution that will benefit all parties involved.

3.0 Agency Relationship

VoguePay provides third-party payment processing services and carries out related actions on your behalf. At all times, we hold your funds separate from our corporate funds and do not use your funds for our operating expenses or corporate purposes. We do not voluntarily make your funds available to our creditors in the event of bankruptcy or other purposes. You acknowledge that VoguePay is not a bank and that the
Service is a payment processing service rather than a banking
service.

By initiating and sending payments through the Service or adding funds to your balance, you appoint VoguePay as your agent to obtain the funds on your behalf and transfer them to the designated receiver. When you send a payment, you are the owner of those funds which VoguePay holds as your agent. You will not be able to withdraw those funds or send the funds to any other User unless the initial transaction is cancelled.

By receiving payments through our Service, you appoint VoguePay to hold your funds in your account until you take further action. You may allow a third party to withdraw or transfer your funds through our Site, but they will still be subject to the terms of this Agreement. If we send you a payment notification when you receive money through VoguePay but you have not registered for the Service, you will have no claim to those funds until you register for the Service and accept the
payment.

VoguePay is a payment processor that hosts, creates, maintains and
provides our Service to you online. We do not have any control over
the Products that are paid for with our Service. We cannot ensure
that a Buyer or a Seller will complete their transaction as we are
not a party to any transaction between Users. Instead, each User
agrees to use the Services of their own accord. Furthermore, VoguePay
reserves the right to correct any processing errors that may occur.

4.0 Account Information

4.1 Verification

VoguePay encourages Users to become verified for the security of our network. We may ask our members at anytime to become verified to comply with Anti-Money Laundering and Anti-Terrorist Financing Legislation. You agree to complete account verification procedures upon VoguePay's request. If you refuse to complete account verification, your account may be suspended regardless of any or all pending or unsettled transactions.

4.2 Receiving Funds

When you receive funds in your VoguePay account, applicable transaction fees will be deducted for that transaction.

4.3 Sending Funds

VoguePay provides a secure medium through which to make payments online. The Seller assumes all liability for the Product being sold, and understands that the Products are purchased at your own risk. If you encounter any problems with the Seller's Products, you should contact VoguePay immediately to assist you in resolving this problem following the Resolutions process outlined in section 5.0. Your report must be submitted on or before Ten (10) days after the purchase of the
product or services.

4.3.1 Refusing Transactions

If you send money to
another VoguePay User, they automatically accept the funds; This
means a User must have to return money sent to them back to the
sender by initiating another fund transfer. You agree that we will
not be held responsible for damages resulting from a User's refund of
a transaction.

4.5 Depositing Money

You can deposit funds by bank transfer, or debit/credit card payment, and then spend
your money anywhere you like while keeping your personal information
confidential.

In compliance with the Money Laundering Act of 1995 and the Terrorism (Prevention) Act
2011 and Terrorism Prevention (freezing of international terrorist
funds and other related measures), regulations of 2011, certain
limits will be imposed on deposits into VoguePay accounts whether
verified or unverified and depending on the depositing method. To
spend your money without divulging your personal information, you
must select VoguePay as the transaction gateway on the checkout page.

4.5.1 Returned Deposit

If you deposit funds by bank transfer and the amount is unpaid due to non-sufficient funds, a closed account or a stopped payment, you will be liable to pay a N2000 fee per incident. Please ensure that you provide accurate
data before initiating a bank transfer.

4.6 Withdrawing Money

You have the option of withdrawing to your bank account by bank transfer or bank wire or by requesting a check. In compliance with Anti-Money Laundering and Anti-Terrorist Funding Legislation, certain limits
will be imposed on withdrawals from VoguePay accounts whether
verified or unverified and depending on the withdrawal method.

4.6.1 Returned Withdrawal

If you withdraw
funds by bank wire or bank transfer and the amount is returned due a
closed account or unable to locate, you will be liable to pay a N2000
fee per incident as well as any other associated fees passed on by
correspondent banks. Please ensure that you provide accurate data
before initiating a bank transfer.

4.7 Recurring Payments

A recurring payment
is a payment plan you set up with a Seller in which you allow us to
process pre-authorized payments for the subscription or recurring
service. If you sign up for a subscription or recurring payment, you
give VoguePay the right to process your pre-authorized payments.

4.7.1 Cancelling A Recurring Payment

If you wish to
cancel a subscription, you must always cancel it from your VoguePay
account, or contact our customer support to cancel it for you. If you
merely unsubscribe on a seller's website, your subscription will not
be cancelled.

4.8 VoguePay Balance

You are not required
to carry a balance in your VoguePay account. You may deposit funds at
any time. However, if your VoguePay account has a negative balance,
you agree to deposit funds into your account to cover the negative
balance. If you do not, we reserve the right to recover the funds by
any means necessary, including the involvement of a collections or
law enforcement agency.

If you do hold a
balance in your account, VoguePay will keep your funds separate from
its corporate funds and will not use your funds for its operating
expenses or any other corporate purposes. VoguePay will not
voluntarily make your funds available to its creditors in the event
of bankruptcy.

You further understand that you will not receive interest or other earnings on the funds that VoguePay handles as your agent and places in pooled bank accounts. In consideration for your use of the Service, you irrevocably transfer and assign to VoguePay any ownership right that
you may have in any interest that may accrue on funds held in pooled
bank accounts. This assignment applies only to interest earned on
your funds, and nothing in this Agreement grants VoguePay any
ownership right to the principal of the funds you maintain with
VoguePay. In addition to or instead of earning interest on pooled
bank accounts, VoguePay may receive a reduction in fees or expenses
charged for banking services by the banks that hold your funds.

4.9 Credit Card Use

You can use your
credit card to send direct payments to other VoguePay members or to
make a payment through a Seller's website. You can also use your
credit card to deposit funds, into your voguepay account. If you
receive a refund and initially paid for the item with your credit
card, your refund will be put in your VoguePay account.

4.10 Account Security

VoguePay implements various security measures to protect your account. With the use of your password and/or Transaction PIN, unauthorized transactions will be drastically reduced if not completely eliminated.

When handling a
dispute, VoguePay will take into consideration the Seller's Terms of
Service to which you agreed at the time of purchase. If the service
or product has not been delivered as stated, VoguePay's policy will
be used in place of the Seller's Refund Policy.

5.2 Buyer Protection Policy

When payment is made
for any purchase of product and/or services by the buyer, the fund is
not released to the Seller until after ten (10) days from the date
the payment was made. The Buyer is expected to report any fraud
within these days if there is any.

We do our best to
provide protection for both the seller and the buyer alike.
Some of our dispute
resolution and refund processes are summarized below. Be sure to read
through before filling out our dispute resolution form.

5.2.1 Dispute
resolution

When a buyer is not
satisfied with a purchase from a seller, the buyer can fill out our
dispute resolution form appropriately within FUND_MATURITY days of the completed payment. We will do our best to mediate
a fair resolution between both parties.

If the resolution
results in a refund for the buyer, a refund of the total money less
the already deducted charges will be made to the buyer. The already
deducted charges will serve as a fine for the buyer while the seller
may also be fined.

However, if the
resolution does not result in a refund for the buyer, the seller is
fined for the resolution.

We encourage the
seller and the buyer to communicate and reach a mutually agreeable
resolution. This will reduce the possibility of refunds which may
result in a fine for both parties.

5.2.2 Refunds

If a buyer has
filled our dispute resolution form with respect to a transaction, the
buyer and/or the seller may be required to provide some or all of the
following:

A copy of the original item
description.

Return/Refund Policy applicable
to the buyer at the time of purchase.

Terms and conditions agreed to
by the buyer prior to purchase.

5.3
Seller Protection Policy

The Sellers are
protected from unjust claim from any Buyer. If any issue is resolved
in favor of the Seller, the buyer pays a fine and may be banned from
using the services on VoguePay.

5.4
Chargebacks and Associated Fees

A chargeback occurs
when the debit/credit card owner contacts their debit/credit card issuer to dispute
certain charges made through their credit card or bank account,
depending on payment or depositing method. Any account that receives
fraudulent funds or funds that have been disputed by the debit/credit card owner will
be reversed. If you receive funds in your account from the debit/credit card owner's
credit/debit card or bank account and the credit/debit card or ACH
transaction is reversed, you agree to hold VoguePay harmless for the
reversal fee and agree to reimburse VoguePay immediately by any means
necessary.

Chargebacks, returns and reversals may lead to immediate account termination and/or a
N2000 penalty fee. Furthermore, in the event of a chargeback or
reversal, any VoguePay fees (such as "receiving" fees) will
not be refunded.

5.5
Funds Recovery

If another User
disputes a payment made to your VoguePay account by chargeback,
VoguePay will retrieve the funds in question. Furthermore, you
authorize VoguePay to retrieve any disputed funds to recover the lost
funds. If you received the amount by check, you agree to pay the
negative balance in your VoguePay account. Otherwise, we will have to
involve a collections agency in the funds recovery process.

5.6
Contacting the Seller

Before filing a
claim, you must contact the Seller and attempt to resolve the dispute
on your own. Most disputes are solved with proper communication. If
you cannot resolve the dispute this way, you can submit a ticket
regarding your dispute through VoguePay dispute form.

After you have
opened a dispute, VoguePay will send a "Contact Request" to
the Seller in hopes of resolving the issue. The Buyer must respond to
this email if the issue has not been resolved, otherwise the dispute
will be closed. Furthermore, it is not permitted to alter either
party's email reply; all information, including emails, should be
included in their original format. We ask that all email
communications take place using the same email address as
the one used to open the dispute.

5.7
Submitting a Dispute to The Support Center

VoguePay members may
only submit one dispute per transaction. Submitting multiple
disputes for a single issue may result in the closure of the dispute
without resolution for the inconvenience.

If one member files
a dispute against another member, VoguePay's Support Center will
mediate the situation. VoguePay will only intervene if there is a
clear policy violation. VoguePay's involvement and final decision
protects Buyers from fraudulent Sellers and protects Sellers from
false allegations of fraud.

Before filing a
complaint, you should review the Seller's Refund Policy and
Terms of Service. If after reviewing the Refund Policy and TOS you
believe that the Seller failed to provide the Product or Service as stated
and/or if you are entitled to a refund as stated by the Seller, you
may file a complaint.

If your claim is
justified, VoguePay will attempt to collect funds from the Seller.
Both parties agree to a binding resolution rendered by VoguePay.
VoguePay reserves the right to limit resolution requests if the User
has not done due diligence on the Seller prior to making a purchase
or sending funds. Once a dispute has been closed, it cannot be
re-opened or disputed again.

Before a Buyer can
report a dispute, the following conditions must be satisfied:

You must register a
VoguePay account. This is because in case of refund, the refund will
be paid into your VoguePay account.

You must submit your
complaint on or before FUND_MATURITY days after purchase of Service.
Failure to do this revokes your complaint.

The complaint must
include the following: Transaction Number, Email used for order, Date
of the transaction, amount and payment method.

6.0 Acceptable Use Policy and Activities Not Allowed

6.1
Acceptable Use

Use of the Services
is subject to this acceptable use policy ("AUP"). If not
defined here, capitalized terms have the meaning stated in the
applicable contract ("Agreement") between Buyer, Seller or
other authorized User ("You") and VoguePay.

You agree not to use or allow third parties or Your End Users to use the Service for the
following reasons:

To generate or facilitate unsolicited bulk commercial email.

To violate or encourage the violation of the legal rights of others.

For any unlawful, invasive, infringing, defamatory or fraudulent purpose.

To intentionally distribute viruses, worms, Trojan horses, corrupted files, hoaxes or
other Products of a destructive or deceptive nature.

To interfere with the use of the Services or the equipment used to provide the Services, by Buyers, Sellers or other authorized Users.

To alter, disable, interfere with or circumvent any aspect of the Services.

To test or reverse-engineer the Services to find limitations, vulnerabilities or evade filtering capabilities.

To use the Services, a component of the Services or contents of password protected pages in a manner not authorized by VoguePay.

Your failure to comply with the AUP may result in suspension and/or termination of the Services pursuant to the Agreement.

No User or other third party is authorized to use bots, spiders or other automated information-gathering devices or programming routines to "mine" information displayed, register User accounts, perform transactions and any other activities VoguePay considers inappropriate.

6.2. Activities Not Allowed

The sale, solicitation, offering, exchange or service of the following:

Tobacco products and related paraphernalia.

Pharmaceutical and controlled substances.

Imitation and replica clothing and accessories.

Drugs and related paraphernalia (including but not limited to research chemicals and illicit herbal incense)

Pre-adult content,
such as pictures, videos, etc..., of individuals under the age of 18.

Illegal downloads or
any other goods and services infringing intellectual property rights
of a third party, including streaming video/audio.

Services using credit card transactions as deposits or credits, including pre-loaded debit/credit/cash/virtual cards.

Hazardous materials, combustibles and/or corrosives.

Weapons

The followingactivities are also not allowed through or in relation to VoguePay:

Money laundering.

Infringing on any third party's copyright, patent, trademark, trade secret or other property rights or rights of publicity or privacy.

Violating any law,statute, ordinance, contract or regulation, including but not limited to those governing financial services, consumer protection, unfair competition, anti-discrimination or false advertising.

Submitting altered verification documents.

Being misleading, false or inaccurate in respect to VoguePay or any other User.

Any activity similar to or consisting of giving yourself a cash advance from your credit card or bank account, factoring or helping others to do so.

Using currency exchangers or aggregation, unless approved by VoguePay.

Transmitting personal information of other VoguePay members to third parties.

Using the VoguePay brand to market or advertise your product(s)/service(s) in any capacity.

Threatening legal action against VoguePay and/or VoguePay employees.

Furthermore, anything that causes us to lose or become liable for, in whole or in
part, the services of our sponsoring banks, Internet Service
Providers or other suppliers is not allowed. If you use or attempt to
use the Service for purposes other than sending and receiving
payments and managing your account, including but not limited to
tampering, hacking, modifying or otherwise corrupting the security or
functionality of the Service, your account will be terminated and you
will be subject to damages and other penalties, including criminal
prosecution if necessary.

6.3
Monetary Penalties

If you are found in
violation of this User Agreement and all terms herein, we reserve the
right to fine you a penalty of N2000 and upwards, depending on
damages and the severity of the violation and the liability you cause
to VoguePay and/or our professional partners. Sites that sell banned
products or services are subject to immediate account termination. We
also reserve the right to freeze or forfeit funds, as well as fine
the account holder and/or cancel payment without notice.

We further reserve
the right to penalize any and all fraudulent or negligent Sellers for
using VoguePay as Customer Support for their business, for excessive
refunds, transaction disputes, chargebacks, complaints, excessive
burden, creating liability and damaging our credibility among our
members and professional partners. The fine for the aforementioned
will be a minimum of N2000 per incident.

6.4
Use of Other Payment Processors

Members
participating in high-risk programs, such as MLMs or gambling should
only send/receive payments through VoguePay-to-VoguePay funds transfers/payments. If members transfer funds with debit/credit cards, any disputes resulting from that effect are void to VoguePay's resolution and risk management process.

Only VoguePay records will be used to determine the outcome of any conflict or dispute. Anti-Money Laundering guidelines and VoguePay's fraud
prevention policies require that transactions disputed through
VoguePay are limited to only the lesser of the funds sent or received
through VoguePay. Therefore, should the case arise that disputes are
initiated on ingoing or outgoing funds transfers, only the lesser
amount of the two will be treated as relevant to the dispute,
resolution and risk management process.

7.0
Regulated Account Types And Industries

Individuals whose businesses fall under the following "Regulated" industries ARE permitted to use our services. However, accounts and industries
that fall under the "Regulated" category must use a VoguePay Business account to receive payments. Please note, some
industries may be subject to higher fees than regular and other
"Regulated" industries. The fees are applied at the discretion of VoguePay. Please contact Customer Support through a support ticket for more
information.

7.2
Deferred Rendering of Goods and Services

Deferred Rendering
of Goods and Services is defined as funds that are received from a
client for services or goods to be delivered to the client at a date
further than FUND_MATURITY calendar days after purchase. Depending on a seller's
goods, services or industry, VoguePay reserves the right to
temporarily sustain an amount of transactions and/or monies until
confirmation is received by virtue of client confirmation or if
package delivery information can be substantiated.

8.0 Closing Accounts And Limiting Account Access

This Agreement's
term will begin as soon as you accept these terms and will continue
as long as you use the Site or the Services and are a VoguePay
member.

8.1
Activities Resulting In Account Limitation and Termination

VoguePay reserves
the right to limit Account access or withdrawals and the right to
terminate this Agreement with no prior notice for any of the
following:

Reporting unauthorized or unusual credit card or bank account use to your issuing bank or other issuing authority, including but not limited to chargebacks.

Abusing the reversal process by a Buyer through their bank.

Consistently failing to follow the Resolutions process before filing a complaint with
their issuing bank or other issuing authority.

Initiating a
reversal by a Buyer through their issuing bank or other issuing authority without first
following the Resolutions process.

Initiating
transactions such as cash advances or assisting cash advances.

Sending unsolicited email

Using the VoguePay account to facilitate fraudulent activity.

Violating this User
Agreement in any way.

Returning an
incoming Electronic Funds Transfer due to insufficient funds in the
bank account or an incorrect bank routing/institution and/or account
number.

Using an anonymizing
proxy.

Receiving excessive
complaints from Buyers about your account, business or service.

Submitting altered verification documents.

8.2
Actions Resulting From Engagement In Restricted Or Prohibited
Activities

If we have reason to
believe or suspect that you have engaged or plan on engaging in any
restricted or prohibited activities, we may take various actions to
protect VoguePay, other users or you from reversals, chargebacks,
claims, fees, fines, penalties and any other activity that may render
VoguePay liable.

The actions we may take include but are not limited to the following:

a. We may close,
suspend or limit your access to your VoguePay account (such as
limiting access to any of your payment methods and/or your ability to
send money, make withdrawals or remove financial Information);

b. We may contact
buyers who have purchased goods or services from you, contact your
bank or credit card issuer and/or warn other users, law enforcement
or impacted third parties of your actions;

c. We may update
inaccurate information you provided us;

d. We may refuse to
provide the VoguePay services to you in the future;

e. We may hold your
funds for up to 180 days if reasonably needed to protect against the
risk of liability;

f. We may at any
point ask for information regarding your business, reason for you
sending or receiving the payment; and<

g. We may take legal
action against you.

VoguePay will use
reasonable efforts to investigate accounts that are subject to
account access limitations and to reach a final decision on said
limitations. Should your account be limited, all funds will be held
for a period of time until the issue is resolved. However, it may be
held for a lesser period which VoguePay will determine. By following
this User Agreement, you can help protect your account from becoming
limited.

9.0 Anti-Money Laundering and Counter Terrorist
Financing Policy

As a worldwide
financial institution, VoguePay is fully committed to conducting due
diligence on our clients and ensuring that all applicable laws and
regulations necessary to forestall and prevent money laundering.
These include confirming the identity of our sellers and buyers by
means of:

Government-issued photo ID

Proof of residential or business address

Corporate documentation

Business registration information

Any other applicable
documentation

Furthermore, we
reserve the right to conduct enhanced due diligence on all clients
given world-wide approved risk-based policies. Please note that
VoguePay reserves the right to refuse a transaction or deny operation
on a client or account at any time should suspicion arise that it may
be connected to money laundering, criminal activity or any other
predicate offence to money laundering. VoguePay will not enter into
any business arrangement with anyone or group suspected of or
directly involved in money laundering, or where funds have been
sources or ends of an illegal activity.

In the event that VoguePay receives, during its request for documentation, deceptive
documentation, contact details, business description or other false
information, VoguePay will terminate the offending account. VoguePay
is legally bound to report such misdemeanors to the relevant
authorities, and as such the subject, business and its owners may be
the subject to a criminal investigation.

9.1
VoguePay Counter-Terrorism Financing Statement (CTF)

As part of the
information that is collected during our verification and AML
procedures, VoguePay conducts verification through world-wide
databases. At the forefront, they will include compliance with EFCC
(economic & financial crime commission) requirements, as
contained in the Economic and Financial Commission Act 2004, global
sanctions reports and government watch lists and screening processes.
At any time, due to a requirement to satisfy any of the above
verification methods, a client, business entity or any of the
business entity owners or affiliates may be asked a specific document
or piece of information to confirm their identity or provide
additional information regarding any transaction, operations or even
business dealings with certain individuals, institutions and dealings
in geographical locations.

Should a situation
arise where the nature of the business, geographical specific
regulations or account activity fall in the scope of non-compliance
in any applicable law or regulation, VoguePay will inform the client,
business unit or any of the business owners or affiliates of the
event and occurrence. For such instances, pre-verification and
enhanced due diligence will be required prior to regaining active
account status. In cases, where compliance is not achieved pursuing
remediation measures, VoguePay will see fit to terminate the account
and will report the event and surroundings to the applicable law
enforcement and regulatory authorities.

10.0 Additional Terms

VoguePay's failure
to enforce any provision of these terms is not an allowance of such
provisions. It is VoguePay's right to act with respect to subsequent
or similar breaches and enforce such provisions.

This Agreement is governed by and interpreted under the laws of the Federal Republic of
Nigeria as such laws are applied to agreements entered into and to be
performed entirely within the Federal Republic of Nigeria.

The parties hereto
agree that this agreement is drafted and executed in the English
language.

11.0 Glossary

Account
Limitation: An account status in which a User has limited or no
access to the Services pending an investigation. This status can be
either temporary or permanent depending on the individual
circumstances.

Attestation: A
form certifying a person's identity by signature or oath in an
official capacity.

Bank Deposit Code: A
Bank Deposit Code is created once a member completes a bank deposit.
Bank Deposit Codes are issued to all bank accounts outside of United
States and Canada. This code is required when the member visits their
bank and must be included in the "Details" or "Reference"
area of the bank transfer. No information other than the Bank Deposit
Code should be entered in the "Details" or "Reference"
area of the bank transaction. A missing Bank Deposit Code may cause
delays in completing the transaction.

BIC: Bank
Identification Code.

Business Tools: A
set of functions available to account holders, including Instant
Payment Notifications, "Buy/Subscribe Now" buttons and
numerous email associations.

"Buy Now" Button: A button a seller can integrate into their website
allowing their customers to sign up for a VoguePay account or make an
instant payment.

Chargeback: A
function a VoguePay member may initiate through their credit card
issuer to reverse a credit card payment. This action will result in
an account suspension as we are charged for every chargeback
initiated by a member.

CVC: See CVV.

CVV: Credit
Card Verification Value; A 3 - 4 digit code on either the front or
back of your credit card. This code is an extra layer of security
necessary for "Card-Not-Present" transactions.

CSV: Comma-Separated
Values; A file format necessary for data import and/or export to and from VoguePay.

DBA: Doing
Business As; A statement permitting a Seller to operate a VoguePay
account under a company name.

Deposit: A
function with which a VoguePay member can deposit money into their
account by bank transfer, bank wire, money order, certified check or
cashier's check.

Due Diligence: Time
and effort all members are expected to spend on researching the
reliability, credibility and ethics of individuals and/or businesses
with which they plan on doing business. Members should contact these
people or companies to establish a rapport and/or read blogs,
reviews, brochures and other material and use their best judgment
before doing business with them.

E-Commerce: A
general business category encompassing most internet-based financial
and commercial services.

EFT: Electronic
Funds Transfer; bank transfers and bank wires.

Email
Validation: Before a member can login to their VoguePay account,
they must click the link in the validation email.

NUBAN: Nigerian
Uniform Bank Account Number

IPN: Instant
Payment Notification.

Mass Pay: A
"Send Money" feature that can be used to pay several people or a large group at one
time. This is a fast and effective tool for members who make weekly
pay-outs such as commissions or referral payments.

Member: An
VoguePay customer with an active VoguePay account.

MLM: Multi-Level
Marketing.

Password: An
alpha-numeric code each VoguePay member will create to log into their
account.

Payment
Processing: A general business category including third-party
electronic payment solutions.

Proxy Server: In
computer networks, a proxy server is a server (a computer system or
an application program) that services the requests of its clients by
forwarding requests to other servers. Members who try to access their
VoguePay account through a proxy server will be denied access. They
must contact their Internet Service Provider to disable their proxy
server.

Transaction/Reference
Number: A 15 digit alpha-numeric code assigned to every
transaction. The member can find their reference number by clicking
on the status of the transaction in their VoguePay account.

Regulated: This
applies to business types that carry extra risk resulting in a higher
possibility of chargebacks. Also applies to an account status in
which a User's access to the Services are limited.

Screen Shot: A
picture of a computer screen. A screen shot of a bank transaction is
usually necessary when an international member's deposit has not been
credited to their VoguePay account. The "Prt Scr" button on
the keyboard will take a screen shot. You can paste the screen shot
in the "Paint" program by selecting "Paste" under
the "Edit" button.

Security Code: Our
security code provides a way of authenticating that the data was sent
by VoguePay. You create your security code and it is immediately
encrypted so only you know the code you entered. Your security code
will not change unless you enter a new code to be encrypted. You can
make this change at any time by going to IPN Setup.

Send Money: A
function that enables a member to send funds to another member using
only their email. If the receiver does not have an VoguePay account,
they will be invited by email to create one.

"Subscribe Now"
Button: A function a seller can integrate into their website
which allows their customers to sign up for a paid subscription
through us.

Transaction PIN: A
numeric code a member creates opening an VoguePay account. Much like
a debit/credit card PIN, a member will not be able to complete a
transaction without entering this PIN correctly. Members may also
have to answer two security questions when creating their PIN and
will have to answer those questions correctly to reset it. The
answers to the security questions are case-sensitive.

User: A person
who uses our services; same as "Member". Generally, this
term refers to someone who "uses" computers and the
Internet.

Verification: Account
verification identifies the member as part of a Know Your Customer
(KYC) policy. Verification is important for the VoguePay network as
it enhances security and helps to protect our members against fraud.

Withdraw: A
function in which an VoguePay member can transfer funds out of their
VoguePay account by bank transfer, bank wire or check.